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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over its peers. Against a basket of six currencies, the dollar index fell …

Dollar buckles on US disinflation signs as Fed nears end of hiking cycle Read More »

By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s biggest economy were close to their peak. Brent crude futures rose $1.25, or 1.6%, to settle at $81.36 per barrel. The session peak was …

Oil prices up, hit nearly 3-month high as US inflation eases Read More »

JOHANNESBURG (Reuters) -The South African rand gained strongly on Thursday, touching its highest in more than three months and extending the previous day’s rally as cooling U.S. inflation further dented the dollar. The risk-sensitive rand traded as strong as 17.9125 to the dollar by 1510 GMT, its firmest since April 5. The dollar continued to …

Risk-sensitive rand hits 3-month peak as slowing U.S. inflation hurts dollar Read More »

By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices …

Wall Street cheers cool CPI with stock rally; dollar, yields decline Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year. The dollar index dropped to as low …

US dollar stumbles, drops to more than one-year low as inflation eases in June Read More »

NAIROBI (Reuters) -Stone-throwing demonstrators clashed with police on Wednesday and two were shot dead, officers on the scene said, in anti-tax protests in cities and towns around Kenya called by opposition leader Raila Odinga. Police fired tear gas to disperse protests in the capital Nairobi, the port city of Mombasa and several other towns, according …

Tax-hike protesters clash with Kenyan police, two shot dead Read More »

By Laura Sanicola (Reuters) -Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data spurred hopes the Federal Reserve may have fewer interest rate hikes in store for the world’s biggest economy. U.S. data showed consumer prices rose modestly in June …

Oil prices settle up as mild US inflation data calms fear of Fed rate hike Read More »